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Associated Press
4 days ago
- Business
- Associated Press
Wesco Earns 2025 Great Place to Work Certification™
PITTSBURGH, PA, May 30, 2025 /3BL/ – Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, is proud to be Certified™ by Great Place to Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Wesco. This year, 83% of employees who responded to the survey said Wesco is a great place to work. This marks a significant improvement of 10 percentage points from Wesco's 2024 score of 73%, and it also exceeds the average rating across U.S. companies of 57%. 'This recognition highlights the special workplace culture we've cultivated here at Wesco,' says Chris Wolf, Executive Vice President and Chief Human Resources Officer. 'It's incredibly rewarding to see our commitment to excellence and inclusivity celebrated at such a prestigious level, with the recognition coming directly from our employees.' Wesco's management team was rated positively by employee survey respondents for treating employees fairly, regardless of race, gender, or sexual orientation, with responses to those statements ranking at 90% or above. In addition, 96% of survey respondents indicated that Wesco is a physically safe place to work. The survey results also indicated that 92% of respondents reported they can take time off work when needed. You can see more of Wesco's results at their Great Place to Work Company Profile page here: Great Place To Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work. Explore Wesco's current job opportunities here: 'Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,' says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. 'By successfully earning this recognition, it is evident that Wesco stands out as one of the top companies to work for, providing a great workplace environment for its employees.' About WescoWesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sales in 2024 and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 20,000 people, partners with the industry's premier suppliers, and serves thousands of customers around the world. With millions of products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities. Wesco operates more than 700 sites, including distribution centers, fulfillment centers, and sales offices in approximately 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and global corporations. ContactJennifer SnidermanVice President, Corporate Communications717-579-6603 About Great Place to Work Certification™Great Place To Work® Certification™ is the most definitive 'employer-of-choice' recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified. About Great Place To Work®As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List. Learn more at and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram. ## Visit 3BL Media to see more multimedia and stories from Wesco International
Yahoo
5 days ago
- Business
- Yahoo
California Water Service Enters into Agreement to Acquire Casa Loma Water Company and Palm Mutual Water Company
SAN JOSE, Calif., May 29, 2025 (GLOBE NEWSWIRE) -- California Water Service (Cal Water), the largest subsidiary of California Water Service Group (NYSE: CWT), has signed agreements with Casa Loma Water Company (Casa Loma) and Palm Mutual Water Company (Palm Mutual) to acquire both systems' water utility assets. Casa Loma serves about 900 people through 237 residential and 11 commercial customer connections. The system is located three miles from Cal Water's Bakersfield Operations Center and is surrounded by Cal Water's existing service area. Because Cal Water has an existing intertie with Casa Loma, Cal Water will begin delivering water to these new customers after the acquisition is completed. Cal Water intends to install additional interconnections to help improve fire flow and system pressure, and plans to upgrade the infrastructure to Cal Water standards. Palm Mutual is located two miles from Cal Water's Northeast Bakersfield Treatment Plant and serves 63 residential customers. Cal Water currently serves Palm Mutual through a master meter interconnection, since Palm Mutual does not own nor operate its own sources of supply. Cal Water anticipates upgrading the system's infrastructure over time to facilitate consistent and high-quality operations. Both acquisitions are subject to satisfactory closing conditions and approval by the California Public Utilities Commission (CPUC). Cal Water intends to file a Tier 2 Advice Letter requesting the adoption of existing Cal Water rates for the new customers. 'We applaud Palm Mutual Water Company and Casa Loma Water Company for putting the health and safety of their customers first. We look forward to providing our new customers the high level of service we provide to our other Bakersfield customers,' said Martin A. Kropelnicki, Cal Water Chairman and Chief Executive Officer. About California Water Service California Water Service provides high-quality, reliable water utility services to more than 2.1 million people statewide through 499,400 service connections. Cal Water's purpose is to enhance the quality of life for customers and communities. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company's 1,200 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The utility has been named one of 'America's Most Responsible Companies' and one of the 'World's Most Trustworthy Companies' by Newsweek, a USA Top Workplace, and a Great Place to Work®. More information is available at This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (PSLRA). The forward-looking statements are intended to qualify under provisions of the federal securities laws for "safe harbor" treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management's beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks, commits or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing the expected benefits resulting from the Casa Loma and Palm Mutual acquisitions, regulatory approvals and filings related to the acquisitions, and Cal Water's investment plans. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable but are subject to uncertainty and risks. Actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to: ability to integrate the business and operate the Casa Loma and Palm Mutual systems in an effective and accretive manner; the outcome and timeliness of regulatory commissions' actions concerning rate relief and other matters, including with respect to the 2024 California GRC filing; changes in regulatory commissions' policies and procedures; our ability to invest or apply the proceeds from the issuance of common stock in an accretive manner; federal governmental and state regulatory commissions' decisions; consequences of eminent domain actions relating to our water systems; increased risk of inverse condemnation losses as a result of the impact of weather, climate change, and natural disasters; our ability to renew leases to operate water systems owned by others on beneficial terms; changes in California State Water Resources Control Board water quality standards; changes in environmental compliance and water quality requirements, such as the EPA's finalization of a National Primary Drinking Water Regulation in 2024; electric power interruptions; housing and customer growth; the impact of opposition to rate increases; our ability to recover costs; availability of water supplies; issues with the implementation, maintenance or security of our information technology systems; civil disturbances or terrorist threats or acts; the adequacy of our efforts to mitigate physical and cyber security risks and threats; the ability of our ERM processes to identify or address risks adequately; labor relations matters as we negotiate with the unions; changes in customer water use patterns and the effects on conservation, including as a result of drought conditions; our ability to complete, in a timely manner or at all, successfully integrate, and achieve anticipated benefits from acquisitions; the impact of weather, climate change, natural disasters, including wildfires and landslides, and actual or threatened public health emergencies on our operations, water quality, water availability, water sales, and operating results and the adequacy of our emergency preparedness; restrictive covenants in or changes to the credit ratings on our current or future debt that could increase our financing costs or affect our ability to borrow, make payments on debt, or pay dividends; risks associated with expanding our business and operations geographically; the impact of stagnating or worsening business and economic conditions, including inflationary pressures, general economic slowdown, or a recession, changes in tariff policy and uncertainty regarding tariffs and other retaliatory trade measures, the interest rate environment, changes in monetary policy, adverse macroeconomic conditions as a result of geopolitical conflicts, and the prospect of a shutdown of the U.S. federal government; the impact of market conditions and volatility on unrealized gains or losses on our non-qualified benefit plan investments and our operating results; the impact of weather and timing of meter reads on our accrued unbilled revenue; the impact of evolving legal and regulatory requirements; the impact of the evolving U.S. political environment that has led to, in some cases, legal challenges and uncertainty around the funding, functioning, and policy priorities of U.S. federal regulatory agencies and the status of current and future regulations; and other risks and unforeseen events described in our most recent Annual Report on Form 10-K and our other SEC filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events, or in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
Builders Announces 29th Consecutive Dividend
ATLANTA, April 4, 2025 /PRNewswire/ -- Atlanta-based commercial insurance leader, Builders, has announced preliminary financial results for the fiscal year ending December 31, 2024. The "A" (Excellent) A.M. Best-rated company's report exhibits strong earnings and net income growth, net written premiums growth, and surplus growth during 2024. As a result, Builders recently declared its 29th consecutive annual dividend payment to qualifying Georgia policyholders. This year's dividend of $1.5 million based on 2024 performance brings total dividends paid across three decades to nearly $58 million. "With our 29th consecutive dividend, we acknowledge the commitments of our policyholders to ensure safe worksites," stated Todd Campbell, CEO and President of Builders. "Likewise, our agents amplify our workforce advocacy by guiding clients on effective risk management practices, all while we support their clients with steadfast coverage and financial strength. At Builders, we collaborate with our agents to manage risk for our policyholders and this partnership continues to create sustainable profit, making this dividend possible," he added. Financial Highlights (unaudited) Gross Written Premium: $270 Million Record FY 2024 Statutory Surplus: $383 Million Consolidated Combined Ratio on statutory basis, including policyholder dividends of 100.8% Loss Ratio: 59.5% FY 2024 Members' Equity: $376 Million The new dividend was issued in mid-March to Georgia policyholders who have maintained continuous coverage with Builders since January 1, 2023, and who demonstrate an acceptable loss ratio. In addition, the policyholder must have maintained membership in a sponsoring association and be without any unresolved receivable balances. Builders has grown over the years to exceed $1 billion in total assets with 200+ employees and 1,100 agency locations across the nation, providing commercial insurance policies to over 21,000 businesses across a wide variety of industries in 22 states. About Builders A property and casualty insurance leader, Atlanta-based Builders is the region's reliable expert and workforce advocate serving agents and their clients through deep partnerships, service excellence, and financial strength. Over 30 years of market leadership in complex construction risks has fostered exceptional expertise in workers' compensation, injury prevention and best-in-class medical management, driving superior outcomes in any professional industry. Builders and its member companies are rated "A" (Excellent) IX by AM Best. Great Place to Work Certified™ — #InsuranceBuiltStrong. For more information about Builders, visit View original content to download multimedia: SOURCE Builders Sign in to access your portfolio
